Common use of Payments in the Event of Death Prior to Retirement Clause in Contracts

Payments in the Event of Death Prior to Retirement. In the event the Executive should die while actively employed by the Employer at any time after the Effective Date of this Agreement, but prior to attaining sixty-two (62) years of age or if the Executive chooses to work after attaining sixty-two (62) years of age, but dies before Retirement, the Employer agrees to pay the Annual Benefit to the Executive's designated beneficiary, in equal monthly installments, for a period of fifteen (15) years (One Hundred Eighty (180) months). If a valid Beneficiary Designation is not in effect, then the remaining amounts due to the Executive under the term of this Agreement shall be paid to the Executive's Surviving Spouse. If the Executive leaves no Surviving Spouse, the remaining amounts due to the Executive under the terms of this Agreement shall be paid to the duly qualified personal representative, executor or administrator of the Executive's estate. Each installment shall be paid on the first day of each month, beginning with the month following the month in which the Executive's death occurs.

Payments in the Event of Death Prior to Retirement. In the event the Executive should die while actively employed by the Employer at any time after the Effective Date of this Agreement, but prior to attaining sixty-two five (6265) years of age or if the Executive chooses to work after attaining sixty-two five (6265) years of age, but dies before Retirement, the Employer agrees to pay the Annual Benefit to the Executive's designated beneficiary, beneficiary in equal monthly installments, for a period of fifteen (15) years (One Hundred Eighty (180) months). If a valid Beneficiary Designation is not in effect, then the remaining amounts due to the Executive under the term of this Agreement shall be paid to the Executive's Surviving Spouse. If the Executive leaves no Surviving Spouse, the remaining amounts due to the Executive under the terms of this Agreement shall be paid to the duly qualified personal representative, executor or administrator of the Executive's estate. Each installment shall be paid on the first day of each month, beginning with the month following the month in which the Executive's death occurs.

Payments in the Event of Death Prior to Retirement. In the event the Executive should die while actively employed by the Employer at any time after the Effective Date of this Agreement, but prior to attaining sixty-two fifty- seven (6257) years of age or if the Executive chooses to work after attaining sixtyfifty-two seven (6257) years of age, but dies before Retirement, the Employer agrees to pay the Annual Benefit to the Executive's designated beneficiary, in equal monthly installments, for a period of fifteen (15) years (One Hundred Eighty (180) months). If a valid Beneficiary Designation is not in effect, then the remaining amounts due to the Executive under the term of this Agreement shall be paid to the Executive's Surviving Spouse. If the Executive leaves no Surviving Spouse, the remaining amounts due to the Executive under the terms of this Agreement shall be paid to the duly qualified personal representative, executor or administrator of the Executive's estate. Each installment shall be paid on the first day of each month, beginning with the month following the month in which the Executive's death occurs.

Payments in the Event of Death Prior to Retirement. In the event the Executive should die while actively employed by the Employer at any time after the Effective Date of this Agreement, but prior to attaining sixty-two sixty (6260) years of age or if the Executive chooses to work after attaining sixty-two sixty (6260) years of age, but dies before Retirement, the Employer agrees to pay the Annual Benefit to the Executive's designated beneficiary, beneficiary in equal monthly installments, for a period of fifteen (15) years (One Hundred Eighty (180) months). If a valid Beneficiary Designation is not in effect, then the remaining amounts due to the Executive under the term of this Agreement shall be paid to the Executive's Surviving Spouse. If the Executive leaves no Surviving Spouse, the remaining amounts due to the Executive under the terms of this Agreement shall be paid to the duly qualified personal representative, executor or administrator of the Executive's estate. Each installment shall be paid on the first day of each month, beginning with the month following the month in which the Executive's death occurs.

Payments in the Event of Death Prior to Retirement. In the event the Executive should die while actively employed by the Employer at any time after the Effective Date of this Agreement, but prior to attaining sixty-two five (6265) years of age or if the Executive chooses to work after attaining sixty-two five (6265) years of age, but dies before Retirement, the Employer agrees to pay the Annual Benefit with the Applicable Percentage equal to 100% for a period of thirteen (13) years in One Hundred Fifty-Six (156) equal monthly installments, with each installment to be paid on the first of each month beginning with the month following Executive's death, to the Executive's designated beneficiary, in equal monthly installments, for a period of fifteen (15) years (One Hundred Eighty (180) months). If a valid Beneficiary Designation is not in effect, then the remaining amounts due to the Executive under the term terms of this Agreement shall be paid to the Executive's Surviving Spouse. If the Executive leaves no Surviving Spouse, the remaining amounts due to the Executive under the terms of this Agreement shall be paid to the duly qualified personal representative, executor or administrator of the Executive's estate. Each installment shall be paid on the first day of each month, beginning with the month following the month in which the Executive's death occurs.